{"id":904,"date":"2018-07-30T11:25:57","date_gmt":"2018-07-30T11:25:57","guid":{"rendered":"https:\/\/blockchain-society.science\/?p=904"},"modified":"2018-07-30T11:25:57","modified_gmt":"2018-07-30T11:25:57","slug":"opinion-what-the-russia-hack-indictments-reveal-about-bitcoin-the-new-york-times","status":"publish","type":"post","link":"https:\/\/blockchain-society.science\/?p=904","title":{"rendered":"Opinion | What the Russia Hack Indictments Reveal About Bitcoin &#8211; The New York Times"},"content":{"rendered":"<blockquote><p>Ironically, Bitcoin\u2019s success depends on the same critical factor as a state-issued \u201cfiat\u201d currency: the collective trust of its community of users. Their confidence in the accuracy of the ledger of all Bitcoin transactions is what makes the currency viable. Law-abiding citizens want efficient, reliable payments. Bitcoin\u2019s mysterious creator, Satoshi Nakamoto, realized this. His 2008 white paper said a great deal about cutting out banks; it said nothing about evading the rule of law.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/www.nytimes.com\/2018\/07\/22\/opinion\/russia-hacking-indictments-bitcoin.html\">Opinion | What the Russia Hack Indictments Reveal About Bitcoin &#8211; The New York Times<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ironically, Bitcoin\u2019s success depends on the same critical factor as a state-issued \u201cfiat\u201d currency: the collective trust of its community of users. Their confidence in the accuracy of the ledger of all Bitcoin transactions is what makes the currency viable. Law-abiding citizens want efficient, reliable payments. Bitcoin\u2019s mysterious creator, Satoshi Nakamoto, realized this. His 2008 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[8,42,49,5],"tags":[],"_links":{"self":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/904"}],"collection":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=904"}],"version-history":[{"count":1,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/904\/revisions"}],"predecessor-version":[{"id":905,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/904\/revisions\/905"}],"wp:attachment":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}